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Market Analysis for Thursday, June 12:
Bitcoin has shown a stair-step decline during the day from the 108700 area to around 107300, and is currently consolidating near 107500.
Ethereum has slowly declined from the 2785 position to around 2732 during the day, and is currently oscillating in the 2750 area.
From the four-hour timeframe, Bitcoin's technical indicators show a downward crossover of the middle band and are gradually approaching the lower band. Support to watch below is at the 106500 level, with resistance above around 108800, and extended resistance near 110000. The one-hour timeframe indicates that Bitcoin's trading volume is contracting, with the price mainly operating near the lower band. Support below is at 107000, and resistance above is at 108500.
Evening trading suggestions:
Consider entering when Bitcoin retraces to the 107100-106600 range, with a target of 108500-108800; if the trend is strong, it may reach 110000.
Ethereum pullback to the 2725-2700 area can be considered for buying, with a target of 2800-2825. A strong breakout could see it reach 2870.
The evening market may experience significant fluctuations, so please manage your risks and take profits in a timely manner within the fluctuation range.
The market always favors the proactive over those who hesitate and wait for opportunities. In the face of difficulties, actively seeking solutions is always more valuable than passively waiting.